Azelio inaguarates Swedish energy storage installation

Azelio has inaugurated its verification project in Åmål, Sweden in front of media and locally invited guests. The installation in Åmål is identical to Azelio's installation in Ouarzazate in Morocco. Azelio will install an additional project in Abu Dhabi later in 2020.

Azelio's centre in Åmål has test and development operations to optimise the systems that are now being installed in various locations around the world. Two systems are located in the centre of Åmål and two are located in the Ouarzazate Power Station in Morocco. Later in 2020, four additional systems will be installed in Abu Dhabi, together with Masdar and Khalifa University, with the aim of including Azelio's technology in Masdar's product offering.

Azelio has developed a solution for storing renewable energy and making it available around the clock as electricity and heat. The system uses recycled aluminium as a storage medium, which is completely emission-free and does not contain any rare minerals. The recycled aluminium does not suffer reduced capacity over time, and can be used over and over.

Azelio signed seven memorandum of understandings in 2019 and early 2020 and will begin the verification of its technology in Morocco during the 1Q2020. The verification data will then be used by customers to finance projects using Azelio's technology. The first commercial installations are planned for the end of 2020, followed by serial production starting at Azelio's factory in Uddevalla, Sweden in 2021.